Stock Track | Arrowhead Pharmaceuticals Soars 5.08% Intraday After FDA Approval of First siRNA Therapy for FCS

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Arrowhead Pharmaceuticals (ARWR) saw its stock price surge 5.08% during intraday trading on Monday, driven by the recent U.S. FDA approval of its first siRNA therapy, REDEMPLO (plozasiran), for treating familial chylomicronemia syndrome (FCS).

The FDA approval marks a major milestone for Arrowhead, transitioning it into a commercial-stage company. REDEMPLO, which can be self-administered quarterly at home, opens new revenue opportunities and reduces reliance on partnership deals. The therapy's approval has been a key catalyst for investor optimism.

Additionally, Arrowhead's global licensing agreement with Novartis, including a $200 million upfront payment, further supports its financial stability as it commercializes REDEMPLO. This development underscores the company's shift toward a more balanced business model.

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